Diageo plc (NYSE:DEO) Stock Has Average Price Target of $105.33 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Diageo, with five buys, five holds and one sell among 11 firms. The average 12-month price target is $105.33.
• Diageo shares opened at $84.01, with a 52-week range of $72.45 to $102.74; the stock’s 50-day and 200-day moving averages were $89.72 and $83.69, respectively.
• The company declared a $1.20 dividend payable December 3 to shareholders of record October 16, while institutional investors own approximately 8.97% of the stock.

Diageo plc (NYSE:DEO - Get Free Report) has received a consensus recommendation of "Hold" from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $105.33.

Several research firms have issued reports on DEO. Weiss Ratings restated a "sell (d)" rating on shares of Diageo in a research note on Friday, July 17th. UBS Group reissued a "neutral" rating on shares of Diageo in a report on Thursday, August 27th. Loop Capital set a $99.00 price target on Diageo in a research note on Thursday, June 18th. TD Cowen reaffirmed a "buy" rating on shares of Diageo in a report on Monday, August 10th. Finally, Zacks Research raised shares of Diageo from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 25th.

Diageo Stock Down 0.9%

Shares of NYSE:DEO opened at $84.01 on Tuesday. Diageo has a 52-week low of $72.45 and a 52-week high of $102.74. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53. The company has a 50-day simple moving average of $89.72 and a 200 day simple moving average of $83.69.

Diageo Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, October 16th will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a dividend yield of 252.0%.

Institutional Trading of Diageo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC bought a new stake in shares of Diageo during the second quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Diageo during the 1st quarter worth approximately $34,000. MCF Advisors LLC lifted its holdings in Diageo by 2,776.0% during the 4th quarter. MCF Advisors LLC now owns 719 shares of the company's stock worth $62,000 after purchasing an additional 694 shares during the last quarter. Axiom Investment Management LLC bought a new stake in Diageo in the 1st quarter valued at $54,000. Finally, Twin Lakes Capital Management LLC boosted its stake in Diageo by 485.5% in the 2nd quarter. Twin Lakes Capital Management LLC now owns 767 shares of the company's stock valued at $62,000 after purchasing an additional 636 shares during the period. Institutional investors own 8.97% of the company's stock.

About Diageo

Diageo plc is a global beverage alcohol company headquartered in London, England. The company produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages through a collection of internationally recognized brands.

Its portfolio includes Johnnie Walker, Crown Royal, Buchanan's and Talisker whiskies; Smirnoff, Cîroc and Ketel One vodkas; Tanqueray and Gordon's gins; Baileys liqueur; Don Julio and Casamigos tequila; Captain Morgan rum; and Guinness beer.

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